Maputo, Nov. 7 (Lusa) - The Australian mining company Syrah Resources on Wednesday announced the signing of a new contract for the supply of graphite from Mozambique to China.
The agreement was made with the Chinese company Qingdao Taida-Haurun and provides for the supply of 20,000 tonnes of natural graphite from the mine in Balama, northern Mozambique, until the end of August 2019.
Taida, headquartered in Shandong, China, focuses on the research and development of new components for electric batteries.
“This contract demonstrates the entry of Syrah’s Balama graphite in China and the market for batteries,” the CEO of Syrah, Shaun Verner, said.
Verner also said it was “rewarding” to see the volume of sales growth and that the mineral extracted from the Cabo Delgado province was establishing itself as a base material for batteries.”
Syrah is one of the international companies exploring graphite in northern Mozambique.
The demand for graphite is high worldwide as it is a component used in batteries, at a time when the market of automobiles powered by electricity and other electrical products, such as drones, is expanding.
LFO/IMYN // ADB.
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